A month can be a long time when looking at the share price of a particular stock. Here are two companies that have come out of the last 30 days at opposite ends of the profit/loss spectrum…
1. Xaar
The share price of Xaar (LSE: XAR) has advanced by over 23% during the last four weeks or so. This is in part, perhaps, on the back of an interim trading statement, released on 10 June.
The inkjet printing technology group stated that demand for its technology had continued to grow, particularly in the Packaging, Industrial and Graphic Arts sectors. As a result, the company saw very strong product sales through the first five months of 2013. Xaar’s ceramic tile printing technology continues to be the market leader and, as a result of which, led to this being the strongest area of demand.
Strong sales performance is expected to continue throughout the remainder of the year and the board has adjusted its revenue expectations accordingly. It now expects total revenue in 2013 to grow approximately 50% above the £86m achieved in 2012.
2. Aberdeen Asset Management
In stark contrast, the shares of Aberdeen Asset Management (LSE: ADN) have fallen by a rather alarming 25% to around 379p.
This follows news that broke at the beginning of June, over fears of the effects of the falling market in Japan. As a result, analysts at Bank of America Merrill Lynch have changed their recommendation on Aberdeen to “underperform”.
This was the second bout of bad news for the investment group this month, after it came under pressure following poor performance from the fund group Man.
Another two potential winners
It’s been a great 30 days for Xaar. And here are two other stocks that we think will not only have a good month, but a great year. You can download our detailed investment report on each, absolutely FREE. One is Our Top Growth Stock for 2013, and the other Our Top Income Stock for 2013. Make sure you read these before you buy your next stock, whatever style of investor you are!
> Chris does not own any share mentioned in this article.
